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rooster59

Falling economy has bottomed out, says BOT

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They made too many deals with the Devil.  Down goes the economy, unfortunately.

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55 minutes ago, Isaan sailor said:

They made too many deals with the Devil.  Down goes the economy, unfortunately.

The real Devils are running the country !

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15 hours ago, BritManToo said:

International restrictions haven't changed, as far as I can see.

Let me predict a world of financial hurt this Autumn as people

1) discover their jobs are gone for good.

2) business surviving on loans and savings run out of money.

3) mass mortgage defaults start to happen, and people can't pay their rent.

4) mass defaults on personal/car loans.

 

Not just in Thailand, but all over the world.

 

In Thailand

Bank shares have reportedly fallen 6% in the last week.

Most banks expected up to 40 per cent non-performing loans (NPL).

Exports are down 25%

Tourism has effectively been wiped out.

And that's just the good news. 

 

The impending reality is considerably worse.

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If there is no second wave and they continue to wait until there are zero new cases worldwide before allowing tourists to return time will tell how far they are from the bottom, but in my opinion they aren’t even close. 

 

 

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He must be talking about a TAT'y bottom of pure speculation and conjecture🤔  

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8 hours ago, Mac98 said:

   How about a 60,000,000,000 baht boost to the economy that costs the government nothing? Change one rule: delete the 800,000/400,000 baht requirement for retiree extensions. 

   All that money now locked up could flow into the economy, from cars to bars, maybe help with a condo purchase here and there.

   The requirements could be re-instated at any time, but those who retired or extended under the exemption would be grandfathered in for life. 

  It is estimated there are currently 100,000 expat retirees in Thailand.

That makes sense - which is why it won't happen.

 

Making life easier for farangs in Thailand ain't gonna happen, too much loss of face. 

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19 hours ago, torturedsole said:

The bottom is a long way from being realised just yet.  Gonna be like an asteroid hit on a global scale.  

I agree.  The bottom has not been reached.  Thai's, and Thailand, are treading water at the moment, but the Thai economy is fast losing energy and will eventually start to sink.  

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On 8/1/2020 at 7:46 AM, rooster59 said:

Some observers estimate it could rise to 5 million, or about 10 per cent of the total workforce, said Don.

Plenty of previous reports claiming 10 million and growing, so who is pulling the leg ?

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